When all you know how to do is hammer the whole world is a nail:
...With this sweltering desert city enduring one of the largest tumbles in housing prices for any urban area since the Depression, there is an unrelenting stream of foreclosures to choose from. On some days, hundreds are offered for sale at the auctions that take place on the plaza in front of the county courthouse.
There is also a large supply of foreclosed families who can no longer qualify for a loan. And that is prompting a flood of investors like Mr. Jarvis, who wants to turn as many of these people as possible into rent-paying tenants in the houses they used to own.
Real estate got just about everyone into trouble in Phoenix, and the thinking seems to be that real estate is going to get everyone out...
The banksters promote one way out of the current crisis: blow another bubble. It's the only way they promote because they stand to hammer more rubes until the next deflationary phase. This has to come, but won't until the world is convinced even the wealth of the American government can't cover the $500 trillion tied up in derivative speculation.
Because of the uncertain value of money due to the colossal global debt, the real problem is that it's not clear who holds the real value of property. Or gold. Or any tangible measure of wealth. This was starting to become clear in the panic days of the fall of 2008. The panic subsided once it became apparent that Bu$hCo and the Oborg who assimilated them were willing to trade those IOU's for all the cash the United States Treasury can print.
The banksters are hoping to use the hedged value to stimulate another bubble and regain their losses.
It's one definition of insanity.
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